PR Newswire
London, August 7
MediaZest Plc ("MediaZest", the "Company" or "Group"; AIM: MDZ) New contract wins MediaZest, the creative digital out-of-home advertising company, is pleased to announce several new contract wins which are in line with the Company's policy of improving its recurring revenue base. Current trading in H1 `15 Several new service contracts have been signed including a three year deal with an existing client to rationalise their estate costs which will help to provide additional surety and visibility of revenue for the Company. In total new service contract revenue confirmed for the next three years exceeds £85,000 during the current half year (April to September 2014). Ongoing work in Q2 `15 The Group is providing development and installation services for four substantial new projects this current quarter. These projects have combined initial revenues of £320,000 and the potential to realise both significant additional future project work and ongoing revenue streams. Three of them relate to new concept store developments with potential for roll out at a future date. The Company was delighted to be invited to work again with Samsung further during July 2014 on their flagship CIO marketing summit, the Futurescape event. This was intended to bring together senior industry decision makers, analysts and opinion formers to discuss the future of technology in the business enterprise and travel sectors. The event showcased Samsung's latest technology for these sectors first hand through a series of specially designed and themed experience zones. These zones incorporated some third party solutions including several from MediaZest, along with bespoke content also provided by the MediaZest team. Geoff Robertson, MediaZest CEO commented: "These new business wins are significant in their value but also in the nature of the work being delivered. By delivering projects with greater potential for recurring revenue streams and larger scale roll outs of technology, the Board believes it can best deliver value to shareholders. Pipeline opportunities are strong and the Board expects to announce more significant new business wins before the end of the half year." Enquiries: Geoff Robertson Chief Executive Officer MediaZest Plc 020 7724 5680 Gavin Burnell / Edward Hutton Nominated Adviser Northland Capital Partners Limited 020 7382 1100 Claire Noyce / Niall Pearson Broker Hybridan LLP 020 3713 4581 / 4583 Notes to Editors: About MediaZest MediaZest is a creative media agency that specialises in providing innovative marketing solutions to leading retailers, brand owners and corporations, but also works in the public sector in both the NHS and Education markets. The Group supplies an integrated service from content creation and system design to installation, technical support and maintenance. MediaZest was admitted to the London Stock Exchange's AIM market in February 2005. For more information, please visit www.mediazest.com